Rupert Murdoch's 21st Century Fox has moved to take full control of Sky, five years after the phone-hacking scandal derailed its first attempt, with an approach that values the UK pay-TV company at £18.5bn. ...

Now that Time Inc. has hired investment banks to manage a sale process, a rival magazine publisher could re-emerge as a likely bidder. The New York-based publisher, which owns People and Sports Illustrated, was once the target of Better Homes and Gardens publisher Meredith Corp. Now that Bank of America and Morgan Stanley are on board, and Time is a separate entity from Time Warner, the sell side in this scenario may be able to do what Bewkes couldn't back in 2013.